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In big news for South Africa’s cryptoasset industry, Global Crypto has learnt that AltCoinTrader will be going live with two new features on 31 March 2021:

  • The listing of PolkaDot’s native coin DOT.
  • The slashing of trading fees from 0.375% down to 0.1%.

The news was confirmed by CEO Richard de Sousa who said that South Africa’s cryptocurrency landscape was becoming far more competitive, and lower fees were absolutely necessary for the current climate.

The flamboyant CEO also announced the provision of ADA on the exchange’s EasySave platform. Users will be able to stake ADA on the exchange and earn 5.08% APY from day one, with the product being made available from 29 March. This is to accompany the interest-earning coins already available on the platform such as BTC, USDT, TRX, ETH, and xZAR (AltCoinTrader’s stable coin).

In addition to these announcements, AltCoinTrader, who recently celebrated their 6th birthday, stated that they will be offering crypto lending products on the exchange. Starting in April, users can lend the likes of Bitcoin, Ethereum, and even their Gold and Silver and earn interest.

We spoke with de Sousa who gave us a full overview of what was coming to the exchange in coming weeks:

James Preston
James Preston is the Executive Editor of Global Crypto. He is a writer and media commentator who has been reporting on how the Tech industry will make the world a better place for 14 years, with a large following on South African radio. He is an early adopter of Bitcoin, and began reporting on its revolutionary capabilities in late 2014. Philosophical by nature, he is intrigued by how the world works, and in turn, how it can be bettered. James believes wholeheartedly that the world can become as close to perfect as we humans can imagine, but it will take a lot of effort (and time) to get there. He believes his life purpose is to inspire people to believe this, and find their place in helping humanity achieve it. James regularly does talks on emerging technology and its impact on society at Universities, global conferences, and events. To invite him to speak at your event, or comment for your media outlet, email info@globalcrypto.tv